Short answer Midland Funding LLC buys defaulted credit card debt and Midland Credit Management collects it. Both are part of Encore Capital Group. The cheapest time to resolve one of these accounts is early, before it reaches a collection attorney, and acting early can keep the account off your credit reports altogether. Key points on […]
Arrow Financial Services – Debt Buyer Closed Shop – Debts Purchased – LVNV Collecting
Short answer Arrow Financial Services closed up shop. The Resurgent Capital Management, Sherman and LVNV brand picked up a good portion of the Arrow debt portfolio. If you are trying to resolve or settle an old Arrow account or judgment, start with LVNV customer service at 888-665-0374. Key points on this page Arrow Financial Services […]
Former Debt Collector Opts to Help People Get Out of Debt
Ever wonder what makes a debt collector good at getting people to pay debts? In the below video, I interview Jared Strauss, a former debt collector. In the video below, he talks about his methods for collecting debt that made him such a success. What he has to share will likely surprise many viewers. What […]
Stress about overwhelming debt, or fear?
I generally begin any debt relief consultation I do with people who reach out to my company in search of help with credit card debt with this question: “What has you reaching out to a perfect stranger? What is going on with you financially”? Then, I shut up and listen. I am sometimes the first person […]
Inaccurate Information on Your Credit Report can Cost You
The credit report topic has been covered well on our web site, but mostly as it applies to people who need some form of debt relief due to a financial hardship. While that is an important topic and a concern for more and more people as a result of our tough economy – what about […]
FDCPA Wants to put an End to Dead Debt, Bogus Collection Fees, and Lawsuits
The Consumers Union, a long standing consumer advocate and watch group, in partnership with East Bay Community Law Center, weighed in with their recommendations for amending the Fair Debt Collection Practices Act (FDCPA). Read the report here: Why Debt Collection Practices and the Debt Buying Industry Need Reform Now. In their “PAST DUE” report, I […]
Debt Collection Industry Insider Starts Petition to Reign in Collection Abuse
Collection industry insider, Bill Bartmann, has started an electronic petition he will submit to Congress where he suggests the following amendments to the Fair Debt Collection Practices Act (FDCPA): We hereby petition Congress to amend the current debt-collection rules by adding the following provisions: Increase the penalty for violations of debt-collection rules from the current […]
What kind of debt relief can you afford?
Is your current monthly cash flow either now, or in the near future, not enough to meet your monthly debt obligations while allowing for a set amount of savings taken from income each month? If not, you are currently, or soon could be, in a financial bind. What can you do about it? What is […]
Food Stamps Responsible Corporate Citizenship and Bacon Cheeseburgers
I have long had an addiction to reading economic blogs. I mostly visit blogs and sites that have daily commentary while enjoying my morning coffee. The sites that I visit tend to have a no holds barred approach in their writing and commentary on daily economic trends. One such blog I have enjoyed reading on […]
When to Request Debt Validation From a Debt Collector
The debt validation and verification topic is deserving of much more time than I am going to give it in this post. I am covering this briefly due to the question I received yesterday after publishing part of our charge off series. where one of the bullet items states: “Avoid some of the nut job […]